Stifel Canada Comments on Stantec Inc.’s FY2024 Earnings (NYSE:STN)

Stantec Inc. (NYSE:STN) (TSE:STN) – Investment analysts at Stifel Canada raised their FY2024 earnings per share estimates for shares of Stantec in a research note issued to investors on Thursday, October 3rd. Stifel Canada analyst I. Gillies now anticipates that the business services provider will post earnings of $3.14 per share for the year, up from their previous estimate of $3.11. The consensus estimate for Stantec’s current full-year earnings is $3.07 per share. Stifel Canada also issued estimates for Stantec’s FY2025 earnings at $3.74 EPS.

Stantec (NYSE:STN) (TSE:STN) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.01. Stantec had a return on equity of 16.22% and a net margin of 4.96%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.09 billion.

Separately, Raymond James lowered Stantec from a “moderate buy” rating to a “hold” rating in a report on Thursday, August 8th.

Stantec Stock Up 0.0 %

Stantec stock opened at $82.81 on Monday. Stantec has a twelve month low of $59.55 and a twelve month high of $88.42. The stock’s fifty day simple moving average is $81.60 and its 200-day simple moving average is $82.21. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $9.45 billion, a P/E ratio of 36.16 and a beta of 1.02.

Stantec Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.152 per share. This represents a $0.61 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, September 27th. Stantec’s dividend payout ratio (DPR) is 27.07%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of STN. Triad Wealth Partners LLC purchased a new stake in shares of Stantec during the 2nd quarter valued at $51,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Stantec during the 2nd quarter valued at $71,000. EverSource Wealth Advisors LLC grew its stake in shares of Stantec by 45.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,037 shares of the business services provider’s stock valued at $83,000 after buying an additional 326 shares during the period. UniSuper Management Pty Ltd grew its stake in shares of Stantec by 100.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 1,600 shares of the business services provider’s stock valued at $133,000 after buying an additional 800 shares during the period. Finally, Tobam purchased a new stake in shares of Stantec during the 1st quarter valued at $153,000. 63.86% of the stock is currently owned by institutional investors and hedge funds.

Stantec Company Profile

Stantec Inc provides professional services in the areas of infrastructure and facilities to the public and private sectors in Canada, the United States, and internationally. It offers evaluation, planning, and designing infrastructure solutions; solutions for sustainable water resources, planning, management, and infrastructure; environmental services; integrated architecture, engineering, interior design, and planning solutions for buildings; and energy and resources solutions.